Wait for a possible buy from around 1.36310 towards 1.41980.

08 April 2021, GBP/USD

Expect a possible sell position from 1.37930 towards 1.35500.

Wave Analysis

Nothing much appears to be happening on this chart in our direction, we are still within a range not going below 1.37120 or above 1.40360. If the price can pullback nicely towards 1.36310 then this should be the correct place to consider a possible long term buy position. However a breakout and close above 1.40360 may mean we are continuing to the upper side with an ultimate target set around 1.41980. A breakout above this level will push the price much higher towards 1.42.

Trade Recommendations:

Wait for a possible buy from around 1.36310 towards 1.41980.

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Graham Osano
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